Why choose WesTrac Super?
A super plan that can help you support your financial wellbeing now, and help you make the most of your money for retirement.
Automatic insurance
Eligible members have automatic access to Life and Total and Permanent Disablement insurances at generally lower rates than retail insurance. Allight members may also be eligible for Salary Continuance insurance.
MySuper investment option
Access the AMP MySuper investment option which offers a lifestages investment approach designed to help protect your super savings as you get older. Alternatively, you can be more hands on and choose investments from our broad range.
Family access benefits
Only people employed by WesTrac and their family members, can join this plan. For more information, refer to the Member Guide.
Your fund for life
You can remain a member of the AMP Super Fund even if you leave employment, through the WesTrac Personal Super Plan. AMP Super is designed to support you at every stage of life. For more information, refer to the Member Guide.
Financial wellbeing support
• Manage your super securely online with My AMP.
• Access regular member newsletters
• Get supported through financial wellbeing programs, education, super coaching and advice.
Want to know more?
Please refer to the relevant Product Disclosure Statement, guides and supporting documents for further information about member benefits.
Competitive fees
How much you pay will depend on how you are invested. WesTrac Super Plan members pay:
- 0.14% pa administration fee on the first $500,000 in their account,
- $0 monthly member fee,
- 0.015% pa trustee fee from 1 December 2024,
- Paid from super fund’s assets: An administration fee of 0.031% pa, plus a trustee expense recovery of up to 0.015% pa up to 30 November 2024 and 0.00% pa from 1 December 2024. These fees are not deducted from your account or from your investment. These fees are variable and may be more or less than the estimated amount shown.
- 0.00% to 1.53% pa investment fees and costs and 0.00% to 0.38% pa transaction costs. Please refer to the Investment Guide for the investment fees and costs and transaction costs for your specific investment option(s).
The lower % administration fee and $ monthly member fee negotiated by your employer will stop when you leave your employer. Additional member activity related fees may apply, such as transaction cost allowance, advice fees for personal advice, or insurance fees. Refer to your welcome letter in conjunction with the fees and costs section in the product disclosure statement and member guide for more information.
How much could a reduction in fees save you?
Small differences in both investment performance and fees and costs can have a substantial impact on your long-term returns. For example, paying total annual fees and costs of 2% of your account balance rather than 1% could reduce your final return by up to 20% over a 30-year period (for example, reduce it from $100,000 to $80,000).
How your fees might look
AMP MySuper
AMP MySuper is the default investment option for the WesTrac Super Plan. It takes a lifestages approach, automatically applying different levels of risk to your investments, dependent on your age.
To demonstrate we’ve used the AMP MySuper Lifestages 1970s option in the fee table below. This is based on the fees and costs paid by WesTrac Super members.
If you were born in another decade and want to check those investment fees and costs and transaction costs, you’ll find them in the Investment Guide or PDS.
| AMP MySuper Lifestages 1970s option | $50,000 balance | |
| Administration fees and costs |
0.14% pa + $0 pa ($0 per month) + 0.015% pa + 0.00% pa + 0.031% pa |
For every $50,000 of your balance up to $500,000, you will be charged $70 pa in administration fees. Plus a trustee fee of $7.50 for every $50,000. Plus a trustee expense recovery and additional admin fee are paid from super fund's assets, which for a $50,000 balance equal $0 and $15.50 respectively (these are not deducted from your account). |
| Plus, Investment fees and costs |
0.51% pa |
And, you will be charged or have deducted from your investment $255 pa in investment fees and costs. |
| Plus, Transaction costs |
0.06% pa |
And, you will be charged or have deducted from your investment $30 pa in transaction costs. |
| Equals, Cost of product |
$378.00 | If your balance was $50,000 at the beginning of the year, then for that year you will be charged fees and costs of $378.00(i)(ii)(iii) for the super product. |
(i) Additional member activity related fees may apply, such as the transaction cost allowance, advice fees for personal advice, or insurance fees. Refer to the fees and costs section of the member guide for more information.
(ii) You may receive a tax deduction on your Superannuation fees and costs. For details refer to the tax section of the PDS or member guide.
(iii) Before 1 Dec 2024 no trustee fee is charged but an equivalent trustee expense recovery of 0.015% pa applies. The total cost of product remains at $378 for a $50,000 balance.
This example is illustrative only, what it costs you will depend on your individual investments.
Other investment options are also available in the WesTrac Pty Ltd Superannuation Plan. For more information on the available investment options and associated fees refer to the Investment Guide.
To find the fees and performance that apply to your existing WesTrac Pty Ltd
Superannuation Plan, login to MyAMP.
Choose this plan
Sign-up to WesTrac Super in just two minutes.
Supporting your financial wellbeing
Get money wise with our help, education and tools
Get in touch
Mon - Fri 8.30am - 7pm (Sydney time)
Contact your advisers
Gallagher Benefit Services are your advisers
What you need to know
Any advice on this page is provided by AWM Services Pty Ltd ABN 15 139 353 496, AFSL No. 366121 (AWM Services) and is general in nature only. It doesn’t consider your personal goals, financial situation or needs. It’s important you consider the appropriateness of any advice and read the relevant product disclosure statement and target market determination available at amp.com.au, before deciding what’s right for you. AWM Services is part of the AMP group (AMP) and can be contacted on 131 267 or askampsuper@amp.com.au.
The issuer of SignatureSuper - WesTrac Pty Ltd Superannuation Plan is N.M. Superannuation Proprietary Limited (N.M. Super) ABN 31 008 428 322 which is part of the AMP.
You can read our Financial Services Guide online for information about our services, including the fees and other benefits that AMP companies and their representatives may receive in relation to products and services it provides. You can also ask us for a hard copy.
The super health check and the retirement health check (RHC) are provided by AWM Services and are general advice only. They do not consider your personal circumstances. RHC and the Simple Super (intrafund) advice are available to eligible members of the AMP Super Fund.
All information on this website is subject to change without notice.
WesTrac Pty Ltd does not publish this site and does not endorse or assume responsibility for any advice contained here.